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- The first-ever EU-Angola Business forum took place recently in Brussels had flagged the need for larger EU investment in the oil rich country. The stress was on private sector investment in establishing strong business links
The first-ever EU-Angola Business forum took place recently in Brussels flagged the need for larger EU investment in the oil rich country. The stress was on private sector investment in establishing strong business links.
Francisco Franca, the CEO of Angola’s Mota -Engil underscored the improved investment climate in the west African country and said that foreign investors were accorded a lot of importance. That was not there a few years ago, he remarked. The government itself has established a series of rules allowing international investors to go to Angola and invest.
The Business Forum meeting, held in the hybrid format, attracted more than 800 participants. An MOU was signed between the Government of Angola and the Dutch consortium Flying Swans to develop a cold logistics chain. Of late, Angola is giving a lot of importance to developing the logistics sector. Angola’s Minister of State Manuel Nunes Junior for Economic Coordination also attended the Forum meeting. He referred to the very big change in Angola in the functioning of the foreign exchange market. Those people who invest in Angola and who at the end of the year want to transfer their dividends out of the country, could do so with predictability, with all the transparency.
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Angola was successful in bagging a 50, 000, 000 euro loan from the European Investment Bank. It has also got a 7,000,000 euro grant from the European Union to support health resilience and was also signed in Brussels. A number of European companies are keen to invest in the EU in various avenues including the hydrocarbon sector.
South African environmental justice groups are celebrating a landmark ruling that recognised the poor air quality in South Africa’s Mpumalanga Highveld region.
